Junior Financial Controller
Socket.dev
Position Summary We are looking for a motivated and detail-oriented Junior Controller to join our accounting team and grow within a dynamic, vertically integrated real estate platform. This role spans active development projects, stabilized multifamily and hospitality assets, and family office entities. Key Responsibilities Financial Close & Reporting
- Support the monthly, quarterly, and annual close process across all entities, development projects, and stabilized assets — ensuring financials are completed accurately and on time
- Assist in preparing internal financial statements including income statements, balance sheets, cash flow statements, and variance analyses at both the asset and consolidated platform level
- Help produce investor reporting packages, capital account schedules, and waterfall calculations for partnership and joint venture entities
- Contribute to maintaining the consolidated financial picture across ownership structures, including intercompany eliminations and family office-level reporting
- Support property-level accounting across the stabilized portfolio including rent rolls, CAM reconciliations, tenant billings, and lease abstractions
- Apply ASC 842 lease accounting standards across commercial, residential, and hospitality assets under the guidance of senior staff
- Assist in reviewing property-level financial packages prior to distribution to ownership and asset management
- Collaborate with property managers and asset managers to ensure operating results are accurately captured and anomalies are identified and resolved promptly
- Support accounting for active development projects, including job costing, hard and soft cost tracking, and draw request preparation and reconciliation
- Assist with lender draw packages, construction loan compliance reporting, and cost-to-complete analyses in coordination with the development and project management teams
- Help track capitalized costs, interest carry, and development fee recognition in accordance with GAAP and applicable real estate accounting standards
- Work with Procore for project cost data and support its integration with Sage Intacct for financial reporting and GL posting
- Assist in monitoring cash flow across operating, reserve, and escrow accounts to help maintain platform-wide liquidity visibility
- Support accounts payable, accounts receivable, payroll, and GL functions, ensuring accuracy, timeliness, and appropriate segregation of duties
- Help maintain and apply accounting policies and internal controls in line with institutional and family office governance requirements
- Assist in tracking debt covenant compliance across financed assets and flagging potential issues to senior leadership
- Support annual audit preparation and serve as a resource for external auditors, tax advisors, and legal counsel under senior supervision
- Assist with federal, state, and local tax compliance across all entities, including partnership returns, 1099 filings, and estimated payment schedules
- Help support tax planning initiatives such as 1031 exchanges, cost segregation studies, opportunity zone compliance, and depreciation strategy
- Ensure financial records and documentation are organized, audit-ready, and maintained in accordance with company retention policies
- Work within Sage Intacct and Procore, supporting chart of accounts maintenance, cost code accuracy, and reporting hierarchy integrity
- Contribute to annual budgeting, forecasting, and reforecasting cycles across the operating portfolio and development pipeline
- Identify opportunities for process improvements that increase efficiency, reduce close cycle time, and improve reporting quality
- Collaborate across departments — including asset management, development, and property management — to support accurate and timely financial reporting
- 1–3 years of accounting experience, ideally within real estate, development, or a related industry
- Solid understanding of GAAP, including familiarity with real estate-specific standards (ASC 842, capitalization of development costs)
- Experience with property-level accounting including rent rolls, CAM reconciliations, and lease administration
- Proficiency in accounting software; experience with Sage Intacct and/or Procore a strong plus
- Strong Excel skills and comfort working with multi-entity, multi-project financial data
- High attention to detail, strong organizational skills, and ability to manage multiple deadlines in a fast-paced environment
- Bachelor’s degree in Accounting, Finance, or a related field
- Experience in a developer, family office, operator, or investment platform environment
- Exposure to construction loan draw packages, job costing, or development project accounting
- CPA candidate or actively pursuing CPA licensure
- Familiarity with partnership accounting, waterfall distributions, or investor reporting
Vacancy posted 17 hours ago
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